But it is true that no entrepreneur produces a product without help from many others. But what the President apparently doesn’t understand is that almost all of the real help comes from voluntary and decentralized exchange in the private market.

Obama has staked out a very dogmatic and inflexible position on class-warfare tax hikes and he obviously wants all of us to think only the “rich” will be impacted.

I think it’s foolish to penalize investors, entrepreneurs, small business owners and other upper-income taxpayers. What nation, after all, has ever prospered by placing obstacles in front of those who create jobs? France? Don’t make me laugh.

P.S. If I had to guess, I would say that Obama’s ultimate goal for hurting the middle class is a value-added tax. Notwithstanding the fiscal crisis in Europe, he actually said the VAT is “something that has worked for other countries.”